Avanci Signs New Patent License Agreements With Volkswagen Group Companies

Volkswagen, Bentley, MAN, Scania, Seat and Skoda Become Licensees of the Avanci Marketplace, Obtaining a License to Essential Patented Technology for Connected Cars

Today, Avanci announced that it has signed patent license agreements with Volkswagen Group companies Volkswagen, Bentley, MAN, Scania, Seat and Skoda. These companies will use Avanci’s open marketplace to obtain licenses to the patented wireless technology of many different patent owners. In addition, the licenses will include patents owned by other companies that join Avanci in the future.

“We are very pleased to have Volkswagen AG, one of the world’s leading automobile manufacturers and the largest carmaker in Europe, along with Bentley, MAN, Scania, Seat and Skoda as licensees,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “These agreements demonstrate our focus on streamlining patent licensing through the Avanci marketplace and provide strong momentum as we add more licensees and licensors in the future. Ultimately, we’re focused ensuring continued investments in the Internet of Things, providing an efficient licensing process, and reducing risks, complexity, and transactional costs for all involved.”

About Avanci

Avanci has a vision that sharing technology, on a broad scale for the Internet of Things industry, can be simpler. Our connected world is evolving quickly – and we want to help it all happen even faster. Our one-stop solution keeps the success of the ecosystem squarely in sight, bringing convenience and predictability to the technology licensing process. In our marketplace, those with essential patents can share their innovations, and companies creating connected products for the Internet of Things can access the patented wireless technology they need to be successful – in one place, with one agreement and for one fair, flat rate. Founded in 2016, Avanci is headquartered in Dallas. For more information about Avanci, please visit http://www.avanci.com.